Franks Foundation
- Assets
- $0.0
- Revenue
- $256.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Booneville, MS
- Founding
- 09/1995
- Data as of
- 12/2021
- EIN
- 64-0845922
Organization Overview
Franks Foundation is located in Booneville, MS. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franks Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Franks Foundation generated $256.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $133.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Franks Foundation has awarded 174 individual grants totaling $208,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS - SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Jumper President | 0 | $0 | |
Kermit V Jones Treasurer | 0 | $0 | |
Don Murphy Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $79,291 |
| Net Rental Income | $10,282 |
| Net Gain on Sale of Assets | $162,179 |
| Capital Gain Net Income | $162,179 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,677 |
| Total Revenue | $256,442 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,559 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $60 |
| Printing and publications | $0 |
| Other expenses | $125 |
| Total operating and administrative expenses | $27,686 |
| Contributions, gifts, grants paid | $105,500 |
| Total expenses and disbursements | $133,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Franks Foundation has awarded $105,500 in support to 96 organizations.
| Grant Recipient | Amount |
|---|---|
ASLAN ANTHONY PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $2,000 |
KATY HARE PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $1,000 |
JOSI HILL PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $1,000 |
DAVID TORRENT PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $2,000 |
LUKE WILLIAMS PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $1,000 |
JALEN WARREN PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $500 |